Commercial Property Overview in Travis CAD

Commercial Property insights in Travis county

In 2023, the Travis County Appraisal Office reported a total appraisal roll value of $463.33 billion, with commercial properties contributing $159.45 billion (34.4%). Commercial parcels numbered 24,481, comprising 18% of total parcels but reflecting significant value dominance. Key sectors include office spaces, retail, warehouses, and mixed-use developments.

Travis county appraisal office

Travis County Commercial Property Permit Trends

  • In 2023, Travis County’s commercial properties experienced an 8.14% overall growth, contributing significantly to the total appraisal roll value of $463.3 billion.
  • While the report does not detail permits, construction activity remained robust, driven by both residential and commercial development needs.
  • Commercial real estate constituted approximately $159.4 billion in market value, showcasing the ongoing expansion in the county’s economic base

The value allocation across TCAD commercial property types illustrates their contributions to the Travis County’s overall appraisal base. Travis County’s commercial property permit trends demonstrate strong activity in the real estate market.

Travis CAD Commercial Property Trends

  • Industrial properties had a market value of $8.35 billion.
  • Adjustments were made to reflect changing dynamics, including increased vacancies and demand shifts.
  • High demand near transportation hubs and logistical centers influenced appraisals.
  • Retail valuations were shaped by mixed-use developments and shifting consumer patterns​

The Travis County Appraisal Office analysed commercial property trends to ensure accurate appraisals driven by demand, market corrections, and new developments:

Travis county appraisal office
Travis county appraisal office

2023 Property Valuation Shifts in Travis

  • Single-family residences had a market value of $249.7 billion & multi-family residences, including apartments, contributed $54.1 billion to the total valuation.
  • Commercial properties, at $159.4 billion, reflected growth driven by economic and population expansion.
  • Industrial properties saw continued demand, particularly in logistics-related sectors, with $8.35 billion in appraised value​

The Travis County CAD property market experienced significant valuation changes in 2023 shaped by market demand, reappraisals, and economic growth across Travis County:

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Travis county appraisal office